Bias-variance tradeoff as darts

But the game of darts is more complicated

Two types of tradeoffs

  1. Explicit: Is a little bias worth the increase in precision?

  2. Implicit: Improving precision without sacrificing unbiasedness?

Two types of tradeoffs

  1. Explicit: Is a little bias worth the increase in precision?

  2. Implicit: Improving precision without sacrificing unbiasedness?